'Globalization' has become an increasingly influential example in the human science since the beginning of the 1990s. In fact it has in a very important sense been the successor to the debates on modernity and post modernity in the understanding of sociocultural change and as the central thematic for social theory. The concept of Globalization represents an important shift in transmuting this temporality into a framework.The term globalization captures elements of a widespread perception that there is a broadening, deepening and speeding up of world-wide interconnectedness in all aspects of life, from the cultural to the criminal, the financial to the environmental. At issue appears to be 'a global shift'; that is, a world being molded, by economic and technological forces, into a shared economic and political arena (Featherstone M, Lash S, Robertson R.1995).
Definition of Globalization:
"Tendency toward a worldwide investment environment, and the integration of national capital markets (biz.yahoo.com)".Globalization
is growing mixing of economies and societies around the world - has been one of the most hotly-debated topics in international economics. But globalization has also generated significant international opposition over concerns that it has increased inequality and environmental degradation.
Dimension of Globalization:
Globalization is a term that is used in many ways, but the principal underlying idea is the progressive integration of economies and societies. It is driven by
- New technologies,
- New economic relationships
- National and International policies including (Governments, International organizations, Business, Labour and Civil society.
The social dimension of globalization refers to the impact of globalization on the life and work of people, on their families and their societies. Concerns and issues are often raised about the impact of globalization on employment, working conditions, income and social protection. Beyond the world of work, the social dimension encompasses security, culture and identity,